European Carmakers Face Crisis with Models at Munich Show
Faced with tariffs, surging Chinese imports and shrinking China sales, European automakers unveil cheaper new models designed to compete against Chinese imports.
Business
Tesla Share of US Market Lowest in 8 Years
Even as US EV sales shot up by 24% in August Tesla's share plunged to just 38% of the US market in August.
China's Exports to Russia Shrank Dramatically in August
In a sign of the pain being felt by Russian consumers due to Putin's war, China's outbound shipments to Russia shrank 16.4% in August from ...
High-Fashion Brands to Pack Runways in Bid to End Slump
Brands like Chanel and Dior seek to reconnect with customer bases after a two-year slump following a post-pandemic boom.
Cause of Recent US Economic Slowdown
Four leading AI chatbots reveal their analyses of the factors responsible for the recent US economic slowdown. Most agree that Trump policies are behind the ...
China Export Growth Continued in August
Despite upwards of 55% US tariffs China's export machine logged a 4.4% year-on-year export growth.
BMW Expects Margin Parity by 2026 with New China EV Series
With a 40 to 50% cost reduction in batteries for its Neue Klasse iX3 EVs in China, BMW hopes to achieve the same margins as ...
Once Bright Star Among Chinese EV Makers Revived with State Help
WM Motor, once one of a handful of China's most promising EV makers, will resume production with new backing by the Shanghai and Wenzhou municipal ...
Job Growth Stalls on Trump Disruptions
Irrational levels of tariffs on imports essential to US businesses and consumers is reducing the business confidence needed to create new jobs.
Struggling Tesla Awards Musk $1 Trillion
A compensation package worth up to $1 trillion is proposed by a Tesla board that's apparently under Elon Musk's total control.
Even 15% Tariffs Damage Japan's Small Carmakers
Subaru, Mitsubishi and Mazda will struggle to sell cars in the key US market at tariffs that will be 6 times former levels.
India Seeks Alternative Markets for Cheap Generics
Uncertainty over US tariffs and a deteriorating relationship between the two nations has spurred Indian pharmaceutical companies to seek alternative buyers in China, Southeast Asia, ...
Jobless Claims Rise More Than Expected
Uncertainty created by Trump tariffs and deportation drive is blamed for reluctance among employers to add staff.
July Trade Deficit Soared on Rush to Beat Tariffs
Uncertainty as to just how high Trump intended to raise tariffs on export powers China, Taiwan, S. Korea and Japan spurred consumers and businesses to ...
Russian Exporters Suffer Continuing Chinese Payment Delays
Assurances from China to Russian officials have failed to speed up payment processing by Chinese firms buying Russian mineral exports.
China Nvidia GPU Demand Hot Despite Beijing Suppression
Despite US controls and Beijing's quest for AI independence, Nvidia enjoys insatiable demand from Chinese firms on superior quality and shortages of current-gen domestic AI ...
Avride to Enter Robotaxi Scene with Uber Dallas
Avride joins several other autonomous driving startups in the robotaxi market, starting with a trial run in Dallas through Uber after having spent a year ...
OpenAI to Make Own AI Chips with Broadcom
OpenAI is only one of several AI leaders seeking to produce their own AI processors to cut reliance on Nvidia GPUs to train and run ...
Korean Carmakers Hit with Lower Tariffs on Japanese Cars
Japan's pledge to invest $550 billion in the US won its carmakers an auto tariff reduction to 15% while S. Korean autos face 25% tariffs.
Jury Finds Google Liable for Using Personal Data
A federal jury found Google liable for $425 million in damages for continuing to use personal data after users had turned off tracking.
Novartis Signs $5.2 Billion Deal for Argo RNAi Heart Drugs
The Chinese biopharmaceutical firm develops therapeutics using RNA interference (RNAi) technology to silence genes that contribute to heart disease.
Dollar Tree Gets Richer Shoppers but Squeezed by Tariffs
The discount retail chain sees growth among more affluent consumers but suffers lower margins as it seeks to mitigate tariff impact.
New Mexico to Develop Quantum Computing Center
As quantum computing developments accelerate New Mexico will invest $315 million to become a hosting center for the budding industry.
China Churns Out Generic Semiglutides
A crackdown on compounding pharmacies and expiration of patents in some countries prompt Chinese pharmas to gear up high-volume production of copies of Wegovy and ...
Tesla Enjoys Jump in China August Sales
Interest in the new Model Y L 3-row SUV and stronger exports to other markets, Tesla's China operations see a 22.6% month-over-month sales jump.
AI Lets Drug Developers Reduce Animal Testing
AI applications speed up drug development as FDA seeks to phase out costly and controversial use of primates for drug safety testing.
Google Ordered to Share Search Data
Google dodged a bullet in not being ordered to divest its Chrome browser but says it will appear the order to share its search data ...
US Holiday Spending Set for Steepest Drop Since Covid
A PwC poll of 4,000 US consumers reveals that holiday spending will fall about 5.3% from last year due to tariff impact on prices.
Tesla's Europe Sales Collapse Continues
With the exception of Norway and Spain, Tesla's Europe sales continues collapse under the weight of Musk's wingnut politics and BYD's surging global exports.
2nd August PMI Read for China Suggests Growth Amid Asia Slump
An earlier official China PMI survey suggesting a 5th month of negative sentiment is contradicted by a positive S&P Global growth reading even as Japan ...
China Manufacturing Sentiment Negative for 5th Straight Month
A 49.4 purchasing manager's index (PMI) for August suggests Chinese manufacturers are still tapping the brakes as they await more clarity on permanent tariff levels.
Rolls-Royce Enters Race to Build Small Modular Reactors
The UK pledged $3.4 billion to back Rolls-Royce's bid to build three small modular nuclear reactors to enter operation in the 2030s.
US Disrupts Consumer Orders by Ending De Minimis Exemption
Friday's end to the de minimis exemption that allowed duty-free imports of packages worth less than $800 is disrupting international mail service and will adding ...
N. Korea Economy Grows Fastest in 8 Years
Providing weapons and troops to the Russian war effort has been a boon for North Korea's economy.
Alibaba Develops New AI Inference Chip
As China pushes to cut its dependence on Nvidia AI GPUs, Chinese tech giant Alibaba is testing a more versatile AI chip with a 100% ...
July Consumer Spending Rises Ahead of Tariff Impact
Consumer spending grew solidly as consumers sought to front-run impending tariff costs as vendors drew down inventories built up before tariffs kicked in.
Trade Deficit Soared in July
Efforts to secure inventories ahead of Trump tariffs drove up imports to record levels and caused the deficit to jump 22.1%.
US Puts Up Barriers to Korean Chipmakers Manufacturing in China
US chipmaking equipment makers like KLA, Lam and Applied Materials won't be able to sell to the Chinese operations of Korean chipmakers Samsung and SK ...
xAI Releases Agentic Coding Model
With the release of grok-code-fast-1 Elon Musks's AI venture enters the ring for one of the most monetizable segments of the AI ecosystem.
Darkening Outlook from Tariffs, Deportations Obscured by Q2 Data
A surge in AI Investments and a shrinking job market produce data that paint a rosier picture than emerging economic realities as businesses struggle to ...
Dollar General Sales Surge in Sign of Times
The discount chain's value image helps it thrive in a darkening economy even as it's forced to begin passing on some tariff costs.
Jensen Huang Pushes Back Against Slowing AI Growth Narrative
Nvidia's growth projections may have cooled but its revenues and profits continue to outpace all other tech giants.
China, Russia Seek to Revive Slumping Bilateral Trade
Despite the growing exploitation to which Russia must submit, China remains Russia's most important trading partner as Putin's war effort limits alternate markets and suppliers.
BYD Soars Past Tesla as Europe Car Sales Resume Growth
Newcomer BYD's share of the European auto market beat Tesla's by 50% as sales growth rebounded to 5.9% on German demand.
China Seeks to Triple AI Chip Capacity
In an urgent push to end reliance on GPUs from Nvidia and AMD China is building three major chip fabrication plants.
How Do US Tariffs Impact India?
Doubling of the initially announced 25% tariffs could cost India a reduction in the $46 billion trade surplus it enjoyed from US trade in 2024.
Sinopec to Build World's Largest Green Hydrogen Plant in Saudi Arabia
Saudi Arabia hired China's Sinopec to build the world's biggest green hydrogen and green ammonia plant to be powered by solar and wind generators.
German Manufacturing Job Losses Accelerate
Intensifying auto competition from Asia combined with slumping exports to the US and China have cost 250,000 manufacturing jobs since 2019.
Anthropic Settles Class Action on Behalf of Pirated Authors
Anthropic is thought to have downloaded upwards of seven million books from pirate websites for its Claude AI platform.
Starship Escapes Rut to Score Milestones
SpaceX's biggest launch vehicle succeeds in reaching orbit and deploying 8 dummy satellites after a series of failed launches.
European Carmakers Face Crisis with Models at Munich Show
Faced with tariffs, surging Chinese imports and shrinking China sales, European automakers unveil cheaper new models designed to compete against Chinese imports.
Tesla Share of US Market Lowest in 8 Years
Even as US EV sales shot up by 24% in August Tesla's share plunged to just 38% of the US market in August.
China's Exports to Russia Shrank Dramatically in August
In a sign of the pain being felt by Russian consumers due to Putin's war, China's outbound shipments to Russia shrank 16.4% in August from ...
High-Fashion Brands to Pack Runways in Bid to End Slump
Brands like Chanel and Dior seek to reconnect with customer bases after a two-year slump following a post-pandemic boom.
Cause of Recent US Economic Slowdown
Four leading AI chatbots reveal their analyses of the factors responsible for the recent US economic slowdown. Most agree that Trump policies are behind the ...
China Export Growth Continued in August
Despite upwards of 55% US tariffs China's export machine logged a 4.4% year-on-year export growth.
BMW Expects Margin Parity by 2026 with New China EV Series
With a 40 to 50% cost reduction in batteries for its Neue Klasse iX3 EVs in China, BMW hopes to achieve the same margins as ...
Once Bright Star Among Chinese EV Makers Revived with State Help
WM Motor, once one of a handful of China's most promising EV makers, will resume production with new backing by the Shanghai and Wenzhou municipal ...
Job Growth Stalls on Trump Disruptions
Irrational levels of tariffs on imports essential to US businesses and consumers is reducing the business confidence needed to create new jobs.
Struggling Tesla Awards Musk $1 Trillion
A compensation package worth up to $1 trillion is proposed by a Tesla board that's apparently under Elon Musk's total control.
Even 15% Tariffs Damage Japan's Small Carmakers
Subaru, Mitsubishi and Mazda will struggle to sell cars in the key US market at tariffs that will be 6 times former levels.
India Seeks Alternative Markets for Cheap Generics
Uncertainty over US tariffs and a deteriorating relationship between the two nations has spurred Indian pharmaceutical companies to seek alternative buyers in China, Southeast Asia, ...
Jobless Claims Rise More Than Expected
Uncertainty created by Trump tariffs and deportation drive is blamed for reluctance among employers to add staff.
July Trade Deficit Soared on Rush to Beat Tariffs
Uncertainty as to just how high Trump intended to raise tariffs on export powers China, Taiwan, S. Korea and Japan spurred consumers and businesses to ...
Russian Exporters Suffer Continuing Chinese Payment Delays
Assurances from China to Russian officials have failed to speed up payment processing by Chinese firms buying Russian mineral exports.
China Nvidia GPU Demand Hot Despite Beijing Suppression
Despite US controls and Beijing's quest for AI independence, Nvidia enjoys insatiable demand from Chinese firms on superior quality and shortages of current-gen domestic AI ...
Avride to Enter Robotaxi Scene with Uber Dallas
Avride joins several other autonomous driving startups in the robotaxi market, starting with a trial run in Dallas through Uber after having spent a year ...
OpenAI to Make Own AI Chips with Broadcom
OpenAI is only one of several AI leaders seeking to produce their own AI processors to cut reliance on Nvidia GPUs to train and run ...
Korean Carmakers Hit with Lower Tariffs on Japanese Cars
Japan's pledge to invest $550 billion in the US won its carmakers an auto tariff reduction to 15% while S. Korean autos face 25% tariffs.
Jury Finds Google Liable for Using Personal Data
A federal jury found Google liable for $425 million in damages for continuing to use personal data after users had turned off tracking.
Novartis Signs $5.2 Billion Deal for Argo RNAi Heart Drugs
The Chinese biopharmaceutical firm develops therapeutics using RNA interference (RNAi) technology to silence genes that contribute to heart disease.
Dollar Tree Gets Richer Shoppers but Squeezed by Tariffs
The discount retail chain sees growth among more affluent consumers but suffers lower margins as it seeks to mitigate tariff impact.
New Mexico to Develop Quantum Computing Center
As quantum computing developments accelerate New Mexico will invest $315 million to become a hosting center for the budding industry.
China Churns Out Generic Semiglutides
A crackdown on compounding pharmacies and expiration of patents in some countries prompt Chinese pharmas to gear up high-volume production of copies of Wegovy and ...
Tesla Enjoys Jump in China August Sales
Interest in the new Model Y L 3-row SUV and stronger exports to other markets, Tesla's China operations see a 22.6% month-over-month sales jump.
AI Lets Drug Developers Reduce Animal Testing
AI applications speed up drug development as FDA seeks to phase out costly and controversial use of primates for drug safety testing.
Google Ordered to Share Search Data
Google dodged a bullet in not being ordered to divest its Chrome browser but says it will appear the order to share its search data ...
US Holiday Spending Set for Steepest Drop Since Covid
A PwC poll of 4,000 US consumers reveals that holiday spending will fall about 5.3% from last year due to tariff impact on prices.
Tesla's Europe Sales Collapse Continues
With the exception of Norway and Spain, Tesla's Europe sales continues collapse under the weight of Musk's wingnut politics and BYD's surging global exports.
2nd August PMI Read for China Suggests Growth Amid Asia Slump
An earlier official China PMI survey suggesting a 5th month of negative sentiment is contradicted by a positive S&P Global growth reading even as Japan ...
China Manufacturing Sentiment Negative for 5th Straight Month
A 49.4 purchasing manager's index (PMI) for August suggests Chinese manufacturers are still tapping the brakes as they await more clarity on permanent tariff levels.
Rolls-Royce Enters Race to Build Small Modular Reactors
The UK pledged $3.4 billion to back Rolls-Royce's bid to build three small modular nuclear reactors to enter operation in the 2030s.
US Disrupts Consumer Orders by Ending De Minimis Exemption
Friday's end to the de minimis exemption that allowed duty-free imports of packages worth less than $800 is disrupting international mail service and will adding ...
N. Korea Economy Grows Fastest in 8 Years
Providing weapons and troops to the Russian war effort has been a boon for North Korea's economy.
Alibaba Develops New AI Inference Chip
As China pushes to cut its dependence on Nvidia AI GPUs, Chinese tech giant Alibaba is testing a more versatile AI chip with a 100% ...
July Consumer Spending Rises Ahead of Tariff Impact
Consumer spending grew solidly as consumers sought to front-run impending tariff costs as vendors drew down inventories built up before tariffs kicked in.
Trade Deficit Soared in July
Efforts to secure inventories ahead of Trump tariffs drove up imports to record levels and caused the deficit to jump 22.1%.
US Puts Up Barriers to Korean Chipmakers Manufacturing in China
US chipmaking equipment makers like KLA, Lam and Applied Materials won't be able to sell to the Chinese operations of Korean chipmakers Samsung and SK ...
xAI Releases Agentic Coding Model
With the release of grok-code-fast-1 Elon Musks's AI venture enters the ring for one of the most monetizable segments of the AI ecosystem.
Darkening Outlook from Tariffs, Deportations Obscured by Q2 Data
A surge in AI Investments and a shrinking job market produce data that paint a rosier picture than emerging economic realities as businesses struggle to ...
Dollar General Sales Surge in Sign of Times
The discount chain's value image helps it thrive in a darkening economy even as it's forced to begin passing on some tariff costs.
Jensen Huang Pushes Back Against Slowing AI Growth Narrative
Nvidia's growth projections may have cooled but its revenues and profits continue to outpace all other tech giants.
China, Russia Seek to Revive Slumping Bilateral Trade
Despite the growing exploitation to which Russia must submit, China remains Russia's most important trading partner as Putin's war effort limits alternate markets and suppliers.
BYD Soars Past Tesla as Europe Car Sales Resume Growth
Newcomer BYD's share of the European auto market beat Tesla's by 50% as sales growth rebounded to 5.9% on German demand.
China Seeks to Triple AI Chip Capacity
In an urgent push to end reliance on GPUs from Nvidia and AMD China is building three major chip fabrication plants.
How Do US Tariffs Impact India?
Doubling of the initially announced 25% tariffs could cost India a reduction in the $46 billion trade surplus it enjoyed from US trade in 2024.
Sinopec to Build World's Largest Green Hydrogen Plant in Saudi Arabia
Saudi Arabia hired China's Sinopec to build the world's biggest green hydrogen and green ammonia plant to be powered by solar and wind generators.
German Manufacturing Job Losses Accelerate
Intensifying auto competition from Asia combined with slumping exports to the US and China have cost 250,000 manufacturing jobs since 2019.
Anthropic Settles Class Action on Behalf of Pirated Authors
Anthropic is thought to have downloaded upwards of seven million books from pirate websites for its Claude AI platform.
Starship Escapes Rut to Score Milestones
SpaceX's biggest launch vehicle succeeds in reaching orbit and deploying 8 dummy satellites after a series of failed launches.
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